HPJS.L vs. KWS.DE
HPJS.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) is Japan Equities fund tracking the TOPIX TR JPY, while KWS.DE (KWS SAAT SE & Co. KGaA) is a stock. Over the past 3 years, HPJS.L returned 7.51%/yr vs 10.16%/yr for KWS.DE. At a 0.16 correlation, their price movements are largely independent.
Performance
HPJS.L vs. KWS.DE - Performance Comparison
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Different Trading Currencies
HPJS.L is traded in GBP, while KWS.DE is traded in EUR. To make them comparable, the KWS.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPJS.L achieves a 4.70% return, which is significantly higher than KWS.DE's 3.65% return.
HPJS.L
- 1D
- -1.78%
- 1M
- -8.11%
- 6M
- 1.38%
- YTD
- 4.70%
- 1Y
- 20.01%
- 3Y*
- 7.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.48%
KWS.DE
- 1D
- 0.21%
- 1M
- 6.64%
- 6M
- -0.84%
- YTD
- 3.65%
- 1Y
- 14.13%
- 3Y*
- 10.16%
- 5Y*
- 2.20%
- 10Y*
- 5.32%
- ALL TIME*
- 12.46%
HPJS.L vs. KWS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 4.70% | 14.99% | -1.51% | 9.90% | -15.00% | -27.15% |
KWS.DE KWS SAAT SE & Co. KGaA | 3.65% | 25.01% | 6.51% | -16.46% | -6.25% | -3.72% |
Correlation
The correlation between HPJS.L and KWS.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.16 |
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Return for Risk
HPJS.L vs. KWS.DE — Risk / Return Rank
HPJS.L
KWS.DE
HPJS.L vs. KWS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and KWS SAAT SE & Co. KGaA (KWS.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HPJS.L | KWS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.83 | -0.14 |
| Martin ratioReturn relative to average drawdown | 1.00 | 1.87 | -0.86 |
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Drawdowns
HPJS.L vs. KWS.DE - Drawdown Comparison
The maximum HPJS.L drawdown since its inception was -44.01%, smaller than the maximum KWS.DE drawdown of -60.60%. Use the drawdown chart below to compare losses from any high point for HPJS.L and KWS.DE.
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Drawdown Indicators
| HPJS.L | KWS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.01% | -60.60% | +16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -27.69% | -17.03% | -10.66% |
Max Drawdown (3Y)Largest decline over 3 years | -27.69% | -21.46% | -6.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.01% | — |
Current DrawdownCurrent decline from peak | -21.83% | -9.76% | -12.07% |
Average DrawdownAverage peak-to-trough decline | -32.49% | -13.58% | -18.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.80% | 7.55% | +11.25% |
Volatility
HPJS.L vs. KWS.DE - Volatility Comparison
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) has a higher volatility of 7.38% compared to KWS SAAT SE & Co. KGaA (KWS.DE) at 5.35%. This indicates that HPJS.L's price experiences larger fluctuations and is considered to be riskier than KWS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPJS.L | KWS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 5.35% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.55% | 18.54% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.90% | 23.11% | +22.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.60% | 25.29% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.60% | 25.44% | +2.16% |
Dividends
HPJS.L vs. KWS.DE - Dividend Comparison
HPJS.L has not paid dividends to shareholders, while KWS.DE's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWS.DE KWS SAAT SE & Co. KGaA | 1.71% | 1.82% | 1.70% | 1.68% | 1.25% | 1.10% | 1.08% | 1.16% | 6.15% | 4.79% | 5.32% | 5.42% |
Frequently Asked Questions
HPJS.L and KWS.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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